The decline and fall of the fossil-fuel empire
Demand for fossil fuels has peaked, and the pandemic, along with cheaper renewables, may sound its death knell
04 June 2020 - 12:38
London — Cheap renewable energy, climate policies and the coronavirus are pushing fossil-fuel companies towards a process of “terminal decline” that could trigger a new financial crisis unless regulators act, according to a study published on Thursday.
Carbon Tracker, a think-tank that assesses the risks to investments in oil, natural gas and coal posed by a transition to cleaner energy, said demand for these commodities might never fully recover from a collapse triggered by the pandemic...
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